Walmart's "Everyday Low Prices" Selling Proposition Is Effective Primarily Because

question 90

Multiple Choice

Walmart's "Everyday low prices" selling proposition is effective primarily because it is

• A)unique to the industry.
• B)meaningful to the consumer.
• C)variable over time.
• D)a one-time message.
• E)generally unsustainable.

---

Definitions:

Short Run

A time period in economics where at least one factor of production is fixed, limiting the immediate response of a firm to changes in market conditions.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales.

Average Variable Cost

The total variable cost divided by the quantity of output produced.

Output

The amount of goods or services produced by a company, sector, or economy.